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LG buys (most of) webOS from HP

HP is selling its webOS-related assets to South Korean electronics manufacturer LG. The two companies have issued a press release. LG is not, though, planning to use webOS in smartphones or tablets; its interest in the operating system is apparently for use in internet-enabled smart TVs.
LG has now purchased the source code, associated documentation, developers and engineers working on webOS and all webOS web sites. LG is not purchasing the patents related to webOS but it will receive licences for all of HP's webOS-related patents, including those patents acquired by HP when it acquired Palm.